TAB Bet Deposit Match?

[curious]

2 minutes ago, Chief Stipe said:

Competitive with what?  Peer to peer betting is just a Tote.

What? Tote betting is not peer to peer. Odds are not fixed and you don’t bet against other specific individuals — you bet into the overall market.

[Chief Stipe]

Just now, curious said:

What? Tote betting is not peer to peer. Odds are not fixed and you don’t bet against other specific individuals — you bet into the overall market.

Ok.  So the biggest issue is that Betfair operating out of Northern Territory offers the best odds decided by those playing in the market?  Do you want your mudders running around for kumaras?

[curious]

1 minute ago, Chief Stipe said:

Ok.  So the biggest issue is that Betfair operating out of Northern Territory offers the best odds decided by those playing in the market?  Do you want your mudders running around for kumaras?

It appears that is likely what will happen, helped along by this anti-competitive legislation, if stakes are dependent on betting revenue to any great extent. and it won't just be the mudders.

[curious]

The DIA themselves recognised this as a risk in considering the options in their RIS.

Even with a monopoly there will be people who choose to gamble outside of New Zealand via a VPN, or with less scrupulous offshore operators which continue to offer black market sports and racing betting to New Zealanders.

[Chief Stipe]

8 minutes ago, curious said:

It appears that is likely what will happen, helped along by this anti-competitive legislation, if stakes are dependent on betting revenue to any great extent. and it won't just be the mudders.

You reckon?  What odds are you offering?

[Newmarket]

14 hours ago, Chief Stipe said:

I thought you didn't bet with Betcha?  Was up on my app.  

You should read my many posts….

[Newmarket]

15 hours ago, curious said:

They are already there I think and/or knocking on the door- crypto betting sites. Might already be 2-3% of the market. Perhaps more. Will certainly get a boost from the new legislation here.

How do I find them, asking for a friend 🫣

[curious]

10 minutes ago, Newmarket said:

How do I find them, asking for a friend 🫣

https://www.bitcoin.com/gambling/betting/

[Chief Stipe]

1 hour ago, curious said:

https://www.bitcoin.com/gambling/betting/

I'm starting to come to the conclusion you are Anti-NZ Racing.  Why promote avenues for taking revenue away from NZ Racing?  

You no doubt believe you have seen the best of NZ Racing and now that you are retiring from it you want to absolve your conscious.

[curious]

36 minutes ago, Chief Stipe said:

I'm starting to come to the conclusion you are Anti-NZ Racing.  Why promote avenues for taking revenue away from NZ Racing?  

You no doubt believe you have seen the best of NZ Racing and now that you are retiring from it you want to absolve your conscious.

Nope. Couldn't be more wrong. I think my involvement and commentary in the last 25 years is to the contrary. 

On this, I simply believe that the online monopoly legislation is a bad move for NZ racing. It will simply drive more NZ punters away from betting on it. It's anti-competitive and is and will make betting with NZTAB less and less attractive to punters, particularly the younger generation of sports betting ones who are the ones primarily engaging with the likes of the crypto operators.

Back to the headpost, you will note that some of these operators offer 100% matching for deposits up to 5k, for example.

I should note that the DIA are doing their best to shut them out. The likes of Betfair, Stake, SpinBet, Gamdom, Roobet, BetVictor, Rizk, and 20Bet appear to have already withdrawn in attempted compliance but I'm not sure how effective that will be. NZTAB don't even offer a crypto deposit option at this stage.

Hopefully, I'm wrong and the predicted recovery of $100m GBR will transpire.